Us markets have their worst day since the president ial election as turmoil grips the white house. Plus alibaba goes west. Chinas 300 billion E Commerce Giant looks to america but can it take on its us rivals . Welcome to World Business report. Im sally bundock. Also in the programme, japans economy grows for the fifth quarter in a row has abenomics finally paid off . Well be live in tokyo for reaction. But first, we start on wall street where for months optimism about the trump presidency, the markets have been powering to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. The cause of the sell off . Growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average fell 372 points, and both the dow and s p 500 suffered their w
Territory. We will look at what the week might have in store for the markets. Man has always relied on the oceans for fishing and trade, but what threat do over fishing, Climate Change and plastics pose . Well speak to the woman behind a new charity trying to flag up those dangers to generation z. Are your streaming habits impacting your sleep . Today we want to know, are your streaming viewing habits getting in the way of your sleep . Let us know. Just use the hashtag bbcbizlive. Its all too easy, you start watching one episode, you think, one more, and the hoursjust go. Hello and welcome to Business Live. Oil is once again in the spotlight. As one of the worlds most important commodities, its price can influence the cost of everything from filling up our cars to shipping goods around the world. For the top Oil Producing nations, it also underpins government finances. So perhaps what everyone at the World Petroleum congress in turkey wants most is the stability to plan ahead. As you c
Tech which doesntjust track your heart rate but also tells a woman when shes at her most fertile. When you listen to music do you think about the performer . As jay z sells a stake in his artist led Music Streaming Service, tidal, we want to know, do fans care about the artist or the access . Just use bbcbizlive. Welcome to the programme. Thank you already for those of you who have tweeted about jay z, nothing we can say out loud on the bbc, so send in some comments we can read out lets first of all start with what is going on in terms of global trade. The United States are out, but japan, Australia And New Zealand say their big Free Trade Deal can go ahead anyway. The tra ns Pacific Partnership was aimed at boosting the economics of 12 nations around the pacific ocean. But the new us President Donald Trump has used his first working day in the white house to sign an Executive Order pulling the us out of the deal. The tra ns Pacific Partnership covered about 40 of the worlds economy an
The dollar strengthened against the euro following Fed minutes showing cautious inflation outlook, while the pound rose after UK PM Rishi Sunak announced a general election for July 4. The Fed and BoE face inflation challenges, impacting currency and rate expectations. Cryptocurrencies saw mixed reactions.
Sterling steadied on
Wednesday after a survey showed British businesses trimmed back
plans for staffing and wage increases this month, with the Bank
of England watching for signs of inflation.